Registered number: 09865126
TAIBA WELFARE FOUNDATION DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
Almo Financials Ltd
Taiba Welfare Foundation Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 8 |
Taiba Welfare Foundation Company Information For The Year Ended 30 November 2024
| Directors | Mr TAYEB CHAM |
|---|---|
| Mr DODOU NDOW | |
| Mr BOLANLE SHOBOWALE | |
| Mr ALHAGIE MANTA DRAMMEH | |
| Company Number | 09865126 |
| Registered Office | Pride House |
| Rectory Lane | |
| Edgware | |
| HA8 7LG | |
| Business | Pride House |
| Rectory Lane | |
| Edgware | |
| HA8 7LG | |
| Accountants | Almo Financials Ltd |
| Chartered Certified Accountants | |
| Trafalgar House | |
| 673 Leeds Road | |
| Huddersfield | |
| West Yorkhire | |
| HD2 1YY |
Page 1
Taiba Welfare Foundation Company No. 09865126 Directors' Report For The Year Ended 30 November 2024
The directors present their report and the financial statements for the year ended 30 November 2024.
Directors
The directors who held office during the year were as follows:
Mr TAYEB CHAM
Mr DODOU NDOW
Mr BOLANLE SHOBOWALE
Mr ALHAGIE MANTA DRAMMEH
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr TAYEB CHAM
Director 19/04/2025
Page 2
Taiba Welfare Foundation Accountant's Report For The Year Ended 30 November 2024
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 November 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
19/04/2025
Almo Financials Ltd Chartered Certified Accountants Trafalgar House 673 Leeds Road Huddersfield West Yorkhire HD2 1YY
Page 3
Taiba Welfare Foundation Income and Expenditure Account For The Year Ended 30 November 2024
| Notes TURNOVER GROSS SURPLUS Administrative expenses OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
2024 £ 87,608 87,608 (79,126) 8,482 |
2023 £ 904,806 |
|---|---|---|
| 904,806 (32,353) |
||
| 872,453 |
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Taiba Welfare Foundation Balance Sheet As At 30 November 2024
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 5 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2024 £ £ 818,593 818,593 50,910 50,910 (3,686) 47,224 865,817 865,817 865,817 865,817 |
2024 £ £ 818,593 818,593 50,910 50,910 (3,686) 47,224 865,817 865,817 865,817 865,817 |
2023 £ £ 818,593 818,593 39,992 39,992 (1,250) 38,742 857,335 857,335 857,335 857,335 |
2023 £ £ 818,593 818,593 39,992 39,992 (1,250) 38,742 857,335 857,335 857,335 857,335 |
|---|---|---|---|---|
| 818,593 47,224 |
818,593 38,742 |
|||
| 50,910 (3,686) |
39,992 (1,250) |
|||
| 865,817 | 857,335 | |||
| 865,817 | 857,335 | |||
| 865,817 | 857,335 | |||
| 865,817 | 857,335 |
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr TAYEB CHAM
Director 19/04/2025
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Taiba Welfare Foundation Notes to the Financial Statements For The Year Ended 30 November 2024
1. General Information
Taiba Welfare Foundation is a private company, limited by guarantee, incorporated in England & Wales, registered number 09865126. The registered office is Pride House, Rectory Lane, Edgware, HA8 7LG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not Depreciated
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
4. Tangible Assets
| . Tangible Assets |
||
|---|---|---|
| Land & | ||
| Property | ||
| Freehold | ||
| £ | ||
| Cost | ||
| As at 1 December 2023 | 818,593 | |
| As at 30 November 2024 | 818,593 | |
| ...CONTINUED |
Page 6
Taiba Welfare Foundation Notes to the Financial Statements (continued) For The Year Ended 30 November 2024
Net Book Value
| Net Book Value | |
|---|---|
| As at 30 November 2024 As at 1 December 2023 |
818,593 |
| 818,593 |
5. Creditors: Amounts Falling Due Within One Year
| . Creditors: Amounts Falling Due Within One Year |
||
|---|---|---|
| Other creditors Taxation and social security |
2024 £ 3,370 316 3,686 |
2023 £ 1,250 - |
| 1,250 |
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 7
Taiba Welfare Foundation Detailed Income and Expenditure Account For The Year Ended 30 November 2024
| TURNOVER Donations Received GROSS SURPLUS Administrative Expenses Wages and salaries Travel and subsistence expenses Rent Rates Property management and service charges Light and heat Repairs and maintenance Hire and leasing of computer and other equipment Telecommunications and data costs Accountancy fees Legal fees Teaching Services Bank charges Ladies Food donations OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
2024 £ £ 87,608 87,608 30,435 - - 1,080 - 4,123 25,300 1,653 604 3,000 4,708 4,200 776 3,247 (79,126) 8,482 |
2024 £ £ 87,608 87,608 30,435 - - 1,080 - 4,123 25,300 1,653 604 3,000 4,708 4,200 776 3,247 (79,126) 8,482 |
2023 £ £ 904,806 904,806 6,300 339 10,500 1,686 2,864 2,214 - 775 1,390 1,250 4,328 - 707 - (32,353) 872,453 |
2023 £ £ 904,806 904,806 6,300 339 10,500 1,686 2,864 2,214 - 775 1,390 1,250 4,328 - 707 - (32,353) 872,453 |
|---|---|---|---|---|
| 8,482 | 872,453 |
Page 8